Retail sales in the United States fell in February

Retail and hospitality sales in the United States declined in February, probably due to the increasingly stringent measures are being taken to prevent the spread of the new coronavirus.

The US Department of Commerce announced on Tuesday that its seasonally and calendar adjusted value of retail sales and hospitality was 528.1 billion USD in February, 0.5 percent lower, compared to the previous month. This represents the strongest decline since September last year.

Analysts were expecting a 0.2 percent increase after the January, up from 0.3 percent to 0.6 percent review. (MTI)